HOUSTON, July 7 /PRNewswire/ -- Lyondell Chemical Company (NYSE: LYO) announced that Dr. William R. Spivey has been elected to the Company's Board of Directors. The size of the Board remains at eight, seven of whom are outside directors.
Dr. Spivey, 53, is Group President, Network Products Group for Lucent Technologies. He is responsible for leading Lucent's efforts in the manufacturing, development, product marketing and management for cable and power systems businesses. Dr. Spivey also has served as Vice President, Systems and Components for Lucent's Microelectronics Group.
Prior to joining Lucent, Dr. Spivey was President of Tektronix Development Company for Tektronix, Inc. He also held senior management positions with AT&T, Honeywell, Inc. and General Electric. He currently serves on the Boards of Directors of Novellus Systems, Inc., The Raytheon Company and Cascade Microtech, Inc. Dr. Spivey earned bachelor's and master's degrees in physics and a Ph.D. in administration management.
"We are pleased to welcome Dr. Spivey to Lyondell's Board of Directors," said Dr. William T. Butler, Chairman of the Board of Lyondell and Chancellor of Baylor College of Medicine. "His extensive experience in technological innovation and organizational leadership should be important contributors to Lyondell's success in the rapidly restructuring chemical industry."
Lyondell Chemical Company, with headquarters in Houston, Texas, is the world's largest producer of propylene oxide (PO); the world's number two supplier of TDI (toluene diisocyanate); a leading producer of propylene glycol; a leading producer of other PO derivatives such as BDO (butanediol) and PGE (propylene glycol ether); and a producer of styrene monomer and MTBE as co-products of PO production.
Through its 41% interest in Equistar Chemicals, LP, Lyondell also is one of the largest producers of ethylene, propylene and polyethylene in North America and a leading producer of polypropylene, ethylene oxide, ethylene glycol, high value-added specialty polymers and polymeric powder.
Through its 58.75% interest in LYONDELL-CITGO Refining LP, Lyondell is one of the largest refiners in the United States, processing extra heavy Venezuelan crude oil to produce gasoline, low sulfur diesel and jet fuel.
Lyondell is the third largest methanol producer in the U.S., through its
75% interest in Lyondell Methanol Company, L.P.
SOURCE Lyondell Chemical Company
Web site: http: //www.lyondell.com
CONTACT: media, Jackie Wilson, 713-652-4596, or Marvin Brown, 713-309-2643, or investors, Sami Ahmad, 713-309-7141, all of Lyondell Chemical Company
